Technical analysis NZDUSD for 08.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66275. The closest resistance is the level 0.66675

Key levels

• 0.68825, 0.68300, 0.67975, 0.67475, 0.67075, 0.66675,0.66275, 0.65850, 0.65375

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.66275, with Take Profit of 0.66675 and Stop Loss of 0.66025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.65850, with Take Profit of 0.65375 and Stop Loss of 0.66275